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1. Cagr of 55% in earnings from 2014 to 2017
2. Operations in Vietnam is growing rapidly while operations in Indonesia is picking up. IPO in Vietnam would be a boost if it materialised.
3. Founder and chairman, Ng Poh Tin has almost 50% shareholding
4. Large customer database in many industries such as automotive, agriculture, paint and ink, as well as oil n gas.
5. Samchem is also a distributor as well as material supplier to many agrochemical companies
Trading at low PE and at current price, i think its a big discount. If could drop more, then big safety margin is secured
I find it difficult to resist such a gem.
But the profit margin for samchem is low. Hope tomorrow there won't be many people throwing this share. Once damaged done, it will take some time to recover
@stephanie teh, if u wanna keep long term i suggest dont enter at current price..wait for discount or price correction, around 50sen would be ideal to make profit. But still, considering current global and local economic slowdown and uncertainty, dont keep too many long term holdings, just run if there is profit.
